IMF to Review Sri Lanka Program on 27th, Paving Way for $700 Million Tranche

The Executive Board of the International Monetary Fund (IMF) has decided to conduct the fifth and sixth reviews of Sri Lanka under its Extended Fund Facility on the 27th of this month.

Following the Board’s approval of these reviews, Sri Lanka is expected to gain access to approximately USD 700 million as the next tranche of financial assistance.

The IMF stated that disbursement of the funds will depend on the country’s progress in implementing required economic reforms under the ongoing program.

Previously, IMF Communications Director Julie Kozack noted that approval of the reviews is closely tied to key policy requirements.

These include the need to restore cost-recovery pricing mechanisms for electricity and fuel while ensuring protection for vulnerable segments of society.

The IMF also emphasized that continued fiscal discipline, improved revenue measures, and sustained structural reforms remain essential for maintaining macroeconomic stability in Sri Lanka.

The upcoming board decision is therefore seen as a crucial step in determining the next phase of financial support for the country.